Home / Knowledge / News / Information Technology / SML is enabling retail stores enhance inventory accuracy

SML is enabling retail stores enhance inventory accuracy

24
Jun '19
Pic: SML
Pic: SML
SML, a global leader in delivering item-level RFID solutions for retail market, has successfully collaborated with Microsoft. The combination of SML’s Clarity application platform and Microsoft Azure is enabling 1000s of retail stores around the globe enhance inventory accuracy above 98 per cent resulting in an increase in sales and improved customer service.

SML is a trusted technology partner for the largest global brands who are using the technology to perform frequent stock counts and to stream-line receiving and replenishment of goods.

Due to the time needed to manually count stock, many retailers only perform stock counts once a year; leading to inventory accuracy of less than 70 per cent. With item-level RFID technology, accuracy increases to approximately 98 per cent, according to a press release by SML. Using Clarity retailers are counting 100 million items every week in less than 6,000 hours. This is 1/25th of the time of manual counts making it reasonable to perform frequent stock counts of entire stores.

“Item-level RFID is changing the way retailers are running their business in order to better compete. We are seeing more and more retailers experiencing the benefits using RFID technology. By delivering this capability on Microsoft Azure, we’ve been able to provide scalable, high performance and simple solutions leading to disruptive business results for retailers,” said SML’s CTO and senior VP of RFID Solutions, Dean Frew.

“We are able to deliver some of the most exciting results that we have been part of in the retail sector and they are clearly helping retailers transform their businesses,” said Shish Shridhar, director of global business strategy, retail and consumer goods industry, Microsoft Corp. “It’s pretty clear that this technology combination will be the default standard on how retailers manage their inventory and deliver improved customer service.” (PC)

Fibre2Fashion News Desk – India


Must ReadView All

S Korea signs free trade agreement with Cambodia

Textiles | On 26th Oct 2021

S Korea signs free trade agreement with Cambodia

South Korea and Cambodia have signed a free trade agreement to deepen ...

Pic: Shutterstock

Retail | On 26th Oct 2021

UK retail sales volumes drop by 0.2% in Sept 2021: ONS

UK retail sales volumes fell by 0.2 per cent in September following...

S Korea, Philippines sign free trade agreement

Textiles | On 26th Oct 2021

S Korea, Philippines sign free trade agreement

South Korea recently signed a free trade agreement with the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search